We came across a bullish thesis on Taiwan Semiconductor Manufacturing Company Limited on Long-term Investing’s Substack by Sanjiv. In this article, we will summarize the bulls’ thesis on TSM. Taiwan Semiconductor Manufacturing Company Limited's share was trading at $330.56 as of January 30th. TSM’s trailing and forward P/E were 31.51 and 25.32 respectively according to Yahoo Finance. ASE Technolog...
We came across a bullish thesis on Taiwan Semiconductor Manufacturing Company Limited on Long-term Investing’s Substack by Sanjiv. In this article, we will summarize the bulls’ thesis on TSM. Taiwan Semiconductor Manufacturing Company Limited's share was trading at $330.56 as of January 30th. TSM’s trailing and forward P/E were 31.51 and 25.32 respectively according to Yahoo Finance. ASE Technology (ASX) Jumps 23% on Q3 Blowout Photo by Yogesh Phuyal on Unsplash Taiwan Semiconductor Manufacturing Company (TSMC) is the world’s leading contract chipmaker and the dominant producer of the most advanced chips, serving high-profile clients such as Nvidia, AMD, Apple, Qualcomm, and Broadcom. The AI-driven boom has created unprecedented demand for these chips, positioning TSMC as a critical supplier in the global technology ecosystem. Its high-performance computing (HPC) segment now accounts for 55% of revenue, up from 34% 18 months ago, reflecting the secular and resilient demand from hyperscalers like Microsoft, Amazon, Meta, and Oracle, which contrasts with the cyclical consumer markets. TSMC’s 4Q 2025 results highlighted a 35% increase in profit, driven by strong double-digit revenue growth and expanding gross margins, which reached 62.3%, underscoring the company’s quasi-monopolistic position in advanced semiconductor manufacturing. TSMC is expanding globally, with fabs operational or under construction in the U.S., Japan, and Germany, supported by government subsidies but facing higher costs and initial yield inefficiencies outside Taiwan. Despite this, margins continued to rise in 2025, offset by increased pricing power and capacity utilization. The company plans a capital expenditure of $52–56 billion in 2026 to support the rollout of 2nm technologies, which will initially dilute margins but strengthen long-term production capabilities. Over the next five years, TSMC expects overall revenue growth of 25% CAGR and AI accelerator revenue to grow mid-to-high 50% CAGR, ...
(RTTNews) - The Taiwan stock market has moved lower in three straight sessions, sinking almost 1,200 points or 3.7 percent along the way. The Taiwan Stock Exchange now sits just above the 31,620-point plateau although it may find traction on Tuesday. The global forecast for the Asian markets is positive on decent economic data, although weakness among the oil stocks may limit the upside. The Europ...
(RTTNews) - The Taiwan stock market has moved lower in three straight sessions, sinking almost 1,200 points or 3.7 percent along the way. The Taiwan Stock Exchange now sits just above the 31,620-point plateau although it may find traction on Tuesday. The global forecast for the Asian markets is positive on decent economic data, although weakness among the oil stocks may limit the upside. The European and U.S. markets were up and the Asian bourses are expected to follow suit. The TSE finished sharply lower on Monday following losses from the financial shares, technology stocks and plastics companies. For the day, the index dropped 439.72 points or 1.37 percent to finish at 31,624.03 after trading between 31,359.95 and 32,008.46. Among the actives, First Financial shed 0.52 percent, while Fubon Financial lost 0.44 percent, E Sun Financial fell 0.30 percent, Taiwan Semiconductor Manufacturing Company sank 0.56 percent, Hon Hai Precision and United Microelectronics Corporation both stumbled 2.72 percent, Largan Precision tanked 2.28 percent, Catcher Technology dipped 0.25 percent, MediaTek plunged 3.13 percent, Delta Electronics crashed 3.69 percent, Novatek Microelectronics tumbled 1.73 percent, Formosa Plastics plummeted 6.34 percent, Nan Ya Plastics cratered 6.98 percent, Asia Cement slumped 1.56 percent and Cathay Financial, Mega Financial and CTBC Financial were unchanged. The lead from Wall Street is upbeat as the major averages opened flat but quickly tracked to the upside and spent the balance of the day in the green. The Dow jumped 515.19 points or 1.05 percent to finish at 49,407.66, while the NASDAQ added 130.29 points or 0.56 percent to end at 23,592.11 and the S&P 500 gained 37.41 points or 0.54 percent to close at 6,976.44. The strength on Wall Street followed the release of a report from the Institute for Supply Management showing manufacturing activity in the U.S. unexpectedly expanded for the first time in 12 months in January. The markets saw continued...
Earnings Call Insights: DaVita Inc. (DVA) Q4 2025 Management View CEO Javier Rodriguez emphasized, “We executed with discipline, met challenges head on and delivered on our commitments we set at the beginning of the year. At the same time, we continue to invest to enhance patient care and fuel growth in the years ahead. As a result, we're well positioned for 2026 and beyond.” Rodriguez spotlighted...
Earnings Call Insights: DaVita Inc. (DVA) Q4 2025 Management View CEO Javier Rodriguez emphasized, “We executed with discipline, met challenges head on and delivered on our commitments we set at the beginning of the year. At the same time, we continue to invest to enhance patient care and fuel growth in the years ahead. As a result, we're well positioned for 2026 and beyond.” Rodriguez spotlighted Integrated Kidney Care (IKC) programs, noting, “Our IKC patients are 35% more likely to start dialysis with a permanent vascular access, resulting in a better patient experience and costs that are 3x lower during the first 180 days of dialysis.” He reported their first profitable year in IKC, “which is slightly ahead of schedule.” Key clinical initiatives include advancing dialysis technologies, high vaccination rates, and a new strategic partnership with Elara Caring to establish an ESKD-focused offering. Rodriguez shared, “Today, we announced a strategic clinical partnership with Elara Caring, a leading home care provider to establish an ESKD-focused offering...designed to lower hospitalizations and missed treatment rates while improving the overall patient experience.” Forward guidance was presented: “We expect adjusted operating income within a range of $2.085 billion to $2.235 billion, which represents 3.2% growth at the midpoint. Our guidance for adjusted earnings per share is $13.60 to $15 even, reflecting a 33% growth at the midpoint.” CFO Joel Ackerman stated, “Fourth quarter adjusted operating income was $586 million, bringing full year adjusted operating income to $2.094 billion. Adjusted earnings per share from continuing operations for the fourth quarter was $3.40 with full year adjusted EPS from continuing operations of $10.78. Free cash flow was $309 million in the fourth quarter, which brings full year free cash flow to just over $1 billion.” Outlook Rodriguez stated, “We remain confident in our ability to deliver adjusted operating income growth over the n...
YouTube is taking aggressive steps to remove AI-generated spam content that could undermine its position as a top destination for advertisers and streaming viewers. YouTube Deletes Popular AI Channels The video platform shut down more than a dozen popular AI channels, including videos featuring talking cats and religious figures, according to an analysis by Kapwing, a video editing platform, as re...
YouTube is taking aggressive steps to remove AI-generated spam content that could undermine its position as a top destination for advertisers and streaming viewers. YouTube Deletes Popular AI Channels The video platform shut down more than a dozen popular AI channels, including videos featuring talking cats and religious figures, according to an analysis by Kapwing, a video editing platform, as reported by Business Insider. Some of the channels were drawing millions of views before being removed. Don't Miss: The AI Marketing Platform Backed by Insiders from Google, Meta, and Amazon — Invest at $0.85/Share Explore Jeff Bezos-backed Arrived Homes and see how investors are earning passive rental income — now with a limited-time 1% bonus match for new investors. AI Content Floods YouTube Feeds In November, Kapwing reported that roughly 21% of videos in YouTube feeds were AI-generated, highlighting the growing influence of low-quality automated content. YouTube CEO Neal Mohan said reducing such content is a top priority for 2026. "YouTube doesn't allow spam, scams, or other deceptive practices that take advantage of the YouTube community," a company spokesperson said regarding the account removals. Mohan added, "To reduce the spread of low-quality AI content, we're actively building on our established systems that have been very successful in combating spam and clickbait, and reducing the spread of low-quality, repetitive content." See Also: Blue-chip art has historically outpaced the S&P 500 since 1995, and fractional investing is now opening this institutional asset class to everyday investors. YouTube Pushes AI, Creator Growth Earlier, Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) positioned YouTube to lead the next phase of digital entertainment as competition with Netflix Inc. (NASDAQ:NFLX) intensified. The company highlighted that creators were driving major cultural moments across formats, including long-form videos, Shorts, which averaged 200 billion daily views, mu...
Robotaxi pioneer Waymo has raised another $16 billion to help fuel its ambition for its fleet of self-driving cars to provide rides throughout the world while other deep-pocketed rival services backed by Tesla and Amazon try to catch up. The fundraising announced Monday values Waymo at $126 billion. The appraisal underscores investors' desire to own a piece of the rapidly expanding robotaxi market...
Robotaxi pioneer Waymo has raised another $16 billion to help fuel its ambition for its fleet of self-driving cars to provide rides throughout the world while other deep-pocketed rival services backed by Tesla and Amazon try to catch up. The fundraising announced Monday values Waymo at $126 billion. The appraisal underscores investors' desire to own a piece of the rapidly expanding robotaxi market, as well as how far Waymo has come since starting as a “moonshot” project within Google 17 years ago. Analysts had estimated Waymo was worth about $30 billion just five years ago after a flurry of fundraising. The new valuation may feed recurring speculation that Waymo will eventually pursue an initial public offering as part of a spinoff from corporate parent Alphabet Inc, which also owns Google. Alphabet, which boasts a market value of nearly $4.2 trillion, led the fundraising that also included an array of prominent venture capitalists and investment funds. In a blog post, Waymo said it plans to use the the money to extend its reach beyond the six metropolitan areas where its robotaxis already give rides in California, Arizona, Georgia, Texas and Florida. It's gearing up to enter more than 20 other cities, including London and Tokyo. Waymo's robotaxis already provide more than 400,000 weekly rides. “We are positioned to move forward with unprecedented velocity, while maintaining our industry-leading safety standards,” Waymo said in the post. Although Waymo's robotaxis have so far compiled a mostly clean driving record, they have experienced various problems that have triggered community backlashes and regulatory inquiries. Last year in San Francisco, a Waymo robotaxi ran over and killed a 9-year-old cat beloved around its neighborhood. Many of the self-driving vehicles later contributed to traffic chaos during an extended power outage when they stalled out at intersections with darkened traffic signals. The National Transportation Safety Board is also investigating comp...
The U.S. needs energy. These three companies could fill the gap. On the heels of three consecutive years of double-digit gains, the market continues to climb in 2026. The S&P 500 (^GSPC +0.54%) has notched a 1% gain year to date, and analysts are predicting the benchmark index will close the year with a fourth double-digit return. Even so, not every growth stock will be a winner by the end of this...
The U.S. needs energy. These three companies could fill the gap. On the heels of three consecutive years of double-digit gains, the market continues to climb in 2026. The S&P 500 (^GSPC +0.54%) has notched a 1% gain year to date, and analysts are predicting the benchmark index will close the year with a fourth double-digit return. Even so, not every growth stock will be a winner by the end of this year. Nor will every winner this year go on to beat the market continuously. That's why, if your time horizon is long and you can stay invested for several years, selecting stocks today should be about discerning which stories are durable and which are tales spun up for the moment. The durable stories worth tracking right now have to do with the future of energy. Novel energy solutions are needed for infrastructure to support rampant data center construction, cloud computing, and artificial intelligence, among others. With that in mind, the following three energy stocks might be worth a $100 investment today. 1. Oklo Oklo (OKLO 7.74%) is a pre-revenue nuclear start-up designing small reactors with complementary fuel recycling capabilities. Its flagship design -- Aurora powerhouses -- can run on high-assay low-enriched uranium (HALEU), a special fuel that cuts down on refueling. It's also small enough that it can be built near data center campuses without intrusion. Expand NYSE : OKLO Oklo Today's Change ( -7.74 %) $ -6.16 Current Price $ 73.46 Key Data Points Market Cap $12B Day's Range $ 73.30 - $ 78.49 52wk Range $ 17.42 - $ 193.84 Volume 446K Avg Vol 13M Oklo has cleared some key regulatory milestones, including the start to the construction of its first-ever Aurora powerhouse at Idaho National Laboratory. The company plans to demonstrate this technology before America's 250th birthday on July 4, 2026. Despite no revenue to date, Oklo is making tangible progress, and it could become a key utility player in a future of data centers. 2. Bloom Energy Bloom Energy (BE +3.03...
Hong Kong’s tourism sector is bracing for a 6 per cent rise in mainland Chinese visitors during the Lunar New Year holiday, as travel to the city regains momentum. Tickets for high-speed trains from major mainland cities to Hong Kong have been selling fast in the days leading up to the festive period – an upbeat sign for some hoteliers expecting a full house during the holiday. The Travel Industry...
Hong Kong’s tourism sector is bracing for a 6 per cent rise in mainland Chinese visitors during the Lunar New Year holiday, as travel to the city regains momentum. Tickets for high-speed trains from major mainland cities to Hong Kong have been selling fast in the days leading up to the festive period – an upbeat sign for some hoteliers expecting a full house during the holiday. The Travel Industry Council, a federation of local travel trade associations, estimated that up to 1.4 million mainland visitors would set foot in the city during the holiday – a 6 per cent rise compared with Lunar New Year last year. Advertisement Fanny Yeung Shuk-fun, the council’s executive director, also estimated the city would be receiving some 2,600 mainland tour groups during the holiday, representing a 5 per cent increase from last year. “Mega-events and activities are the key reasons for the positive arrivals,” Yeung said, citing the recent opening of the cinematic exhibition at the Old Yau Ma Tei Police Station as one of the attractions drawing mainland visitors. Advertisement The holiday on the mainland will run from February 15 to 23, spanning nine days from the 28th day of the 12th lunar month to the seventh day of the new Year of the Horse.
jetcityimage/iStock Editorial via Getty Images The following segment was excerpted from the Sequoia Fund ( SEQUX ) Q4 2025 Shareholder Letter. Shares of Elevance Health, Inc. ("Elevance") returned -3% in 2025. In short, 2025 was another busy and difficult year for US health insurers, Elevance included. Though we expect the company's revenues will have grown at a double-digit rate in 2025, we expec...
jetcityimage/iStock Editorial via Getty Images The following segment was excerpted from the Sequoia Fund ( SEQUX ) Q4 2025 Shareholder Letter. Shares of Elevance Health, Inc. ("Elevance") returned -3% in 2025. In short, 2025 was another busy and difficult year for US health insurers, Elevance included. Though we expect the company's revenues will have grown at a double-digit rate in 2025, we expect its earnings per share will have gone backwards, even if only modestly. The decline in Elevance's earnings last year was driven primarily by two key factors. First, the company's Medicaid business, which we had expected to hit a margin nadir in 2025, continued to weaken. Persistent medical cost pressures and adverse acuity shifts pushed this business line into the red in 2025 and extended the margin trough into 2026. Second, Elevance's individual exchange business flipped from nicely profitable to decidedly unprofitable, as double-digit increases in medical cost trend met with unanticipated risk-pool changes brought on by the migration of disenrolled Medicaid members to the individual exchanges. In response, the industry increased premiums by 20-30% across individual exchange policies, which should lift Elevance's individual exchange margins into positive territory in 2026. Unfortunately, the pandemic-era individual exchange subsidies expired at the end of 2025, and if they are not reinstated, Elevance will, in all likelihood, end up with fewer total members and less total revenue in this business line even if unit economics are restored. Investor sentiment remained weak, thanks to not only this weakening of Elevance's Medicaid business and this fresh deterioration of its individual exchange business, but also continued scrutiny of various industry business practices – prior authorizations in health insurance, fee structures and opacity in pharmacy benefit management, risk coding in Medicare Advantage, and more – that kept the industry in the headlines. It is possible tha...
Key Points The enterprise software specialist made an elite list compiled by a well-known investment bank. The bank's analysts believe ServiceNow has wide scope for expansion. 10 stocks we like better than ServiceNow › A wobbly stock at the end of last week, ServiceNow (NYSE: NOW) seemed to be finding a better balance at the beginning of this one. Investors cautiously bought shares of the stock on...
Key Points The enterprise software specialist made an elite list compiled by a well-known investment bank. The bank's analysts believe ServiceNow has wide scope for expansion. 10 stocks we like better than ServiceNow › A wobbly stock at the end of last week, ServiceNow (NYSE: NOW) seemed to be finding a better balance at the beginning of this one. Investors cautiously bought shares of the stock on Monday, sending its price nearly 1% higher and notching a slight victory over the S&P 500 index's 0.5% rise. Inclusion on a "best of" list compiled by a top investment bank was a key factor in the rise. An enterprising company That morning, Goldman Sachs added three names to its U.S. Conviction List, including ServiceNow (the other two joining it are delivery specialist DoorDash and energy company Golar LNG). Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » Goldman's team of analysts, led by Steven Kron, waxed bullish about ServiceNow's potential to expand its offerings into other segments of the enterprise software market. According to reports, pundits believe it can capture market share in areas such as customer relationship management (CRM) and human resources. With such scope for expansion, the investment bank is estimating that ServiceNow could post an organic compound annual growth rate (CAGR) of roughly 20% through 2029. Hidden attributes Goldman points out a significant (and to some extent, hidden) advantage of ServiceNow and its business model -- it's readily expandable into other functionalities where businesses often struggle to become (and remain) efficient. Over the years, I believe, ServiceNow has done a solid job selling its products and services to clients, and when and if it pushes into those new segments, it should be similarly successful. Goldman's bullish analysis is justified. Should you buy stock in ServiceNow right now? Before you ...
Key Points When you're on a fixed retirement income, home repairs could upend your budget. It's important to have an emergency fund earmarked for home repairs. Keep that money in cash so you don't have to sell investments at the wrong time. The $23,760 Social Security bonus most retirees completely overlook › There's a reason many retirees opt to own homes rather than rent. When you rent a home, y...
Key Points When you're on a fixed retirement income, home repairs could upend your budget. It's important to have an emergency fund earmarked for home repairs. Keep that money in cash so you don't have to sell investments at the wrong time. The $23,760 Social Security bonus most retirees completely overlook › There's a reason many retirees opt to own homes rather than rent. When you rent a home, you might have to move repeatedly. When you own a home, you can stay put as long as you want, provided you're able to keep up with your mortgage (if you still have one), property taxes, and other necessary costs. But if you're going to own a home in retirement, there's one key move you have to make -- maintain an emergency fund for repairs. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » Obviously, home repairs can be a budget buster at any time. But you're on a fixed retirement income that may not be much more than your monthly Social Security check, it's important to have funds on hand to cover unexpected repairs. And while borrowing against your home equity may be an option, that means taking on debt at a time in life when you should be doing your best not to add to your ongoing expenses. Not only should you have an emergency fund for home repairs, but you should make sure to keep it in cash. If you invest it and need the money at the wrong time, you might have to sell assets at a loss. Remember, if your plumbing stops working at a time when the market is down, you may not be able to wait weeks or months for a recovery. So your best bet is to keep your home repair emergency fund in a high-yield savings account. That way, you can at least earn a little bit of interest when that money isn't being used. The $23,760 Social Security bonus most retirees completely overlook If you're like most Americans, you're a few years (or more) behind on your retirement ...